Automotive Gearbox Market to Reach USD 163.54 Billion by 2030, Growing at a 4.24% CAGR
Summary:
The Global Automotive Gearbox Market is poised to expand at a compound annual growth rate (CAGR) of 4.24% from 2024 to 2030, reaching a market size of USD 163.54 billion by the end of the forecast period. The market's growth is driven by increasing demand for efficient transmission systems across various vehicle types, including passenger cars, light commercial vehicles (LCVs), and heavy-duty vehicles. The report highlights the competitive landscape, key market drivers, and the impact of COVID-19 on the industry.
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Overview
The automotive gearbox plays a crucial role in controlling the speed and torque of a vehicle by transmitting power from the engine to the wheels. With the increasing demand for improved vehicle performance and fuel efficiency, the automotive gearbox market has witnessed significant growth. The report provides an in-depth analysis of market dynamics, including drivers, challenges, and opportunities, along with an overview of key players and their competitive strategies.
Market Scope
To determine the market size and forecast, both top-down and bottom-up methodologies were employed. Market estimates were calculated based on the sale price, excluding discounts provided by manufacturers or distributors. The report segments the market by application, number of gears, vehicle type, and off-highway vehicle type, providing a detailed analysis of each segment's performance.
Segmentation
- By Application: Automatic Transmission (AT), Automated Manual Transmission (AMT), Dual Clutch Transmission (DCT), Manual Transmission
- By Number of Gears: 3–5, 6–8, Above 8
- By Vehicle Type: Passenger Cars, LCVs, Trucks, Buses, Hybrid Electric Vehicles (HEVs), Plug-in Hybrid Electric Vehicles (PHEVs)
- By Off-Highway Vehicle Type: Agricultural Tractors, Construction Equipment
Major Manufacturers
- Aisin Seiki Co.
- Magna Powertrain
- ZF Friedrichshafen AG
- Jatco Ltd.
- Getrag Corporate Group
- BorgWarner Inc.
- Eaton Corporation
- Continental AG
- Chongqing Tsingshan Industrial Co. Ltd.
- Volkswagen Aktiengesellschaf
- Groupe Renault
- Hyundai Motor Company
- Schaeffler
- IGW
- Anchor Industries
- Optigear
- AVTEC
- Gyros Gear Industries
- BONENG
- A1 Cardone
- All Star Performance
- Bendix
Regional Analysis
The report provides a comprehensive analysis of the automotive gearbox market across key regions, including North America, Europe, Asia-Pacific, and the Middle East & Africa. Each region's market trends, growth drivers, and regulatory environment are thoroughly examined. The Asia-Pacific region is expected to dominate the market, driven by the booming automotive industry in countries like China and India.
COVID-19 Impact Analysis
The COVID-19 pandemic significantly impacted the global automotive industry, leading to a temporary halt in vehicle production and supply chain disruptions. However, the market is expected to recover as economies reopen and demand for vehicles resumes. The report analyzes the short-term and long-term effects of the pandemic on the automotive gearbox market, providing insights into the industry's recovery trajectory.
Key Questions Answered
- What will be the CAGR of the Global Automotive Gearbox market during the forecast period (2024-2030)?
- Which segment emerged as the leading segment in the Global Automotive Gearbox market?
- Which are the prominent players in the Global Automotive Gearbox market?
- What key trends are likely to emerge in the Global Automotive Gearbox market in the forecast period?
- What will be the Global Automotive Gearbox market size by 2030?
- Which company held the largest share in the Global Automotive Gearbox market in 2024?
Table of Contents:
- Overview
- Global Market Status and Forecast by Regions
- Global Market Status and Forecast by Types
- Global Market Status and Forecast by Downstream Industry
- Market Driving Factor Analysis
- Market Competition Status by Major Manufacturers
- Major Manufacturers Introduction and Market Data
- Upstream and Downstream Market Analysis
- Cost and Gross Margin Analysis
- Marketing Status Analysis
- Market Report Conclusion
- Research Methodology and Reference
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